diff --git a/package.json b/package.json
index 42fb2abf4dde3..7831e1af89e89 100644
--- a/package.json
+++ b/package.json
@@ -179,7 +179,7 @@
     "license-webpack-plugin": "^4.0.2",
     "loader-utils": "1.2.3",
     "memfs": "^3.0.1",
-    "metro-resolver": "^0.70.2",
+    "metro-resolver": "^0.70.3",
     "mime": "2.4.4",
     "mini-css-extract-plugin": "~2.4.7",
     "minimatch": "3.0.4",
diff --git a/packages/react-native/migrations.json b/packages/react-native/migrations.json
index 64e1703a7b797..94251b0dc271b 100644
--- a/packages/react-native/migrations.json
+++ b/packages/react-native/migrations.json
@@ -562,6 +562,39 @@
           "alwaysAddToPackageJson": false
         }
       }
+    },
+    "14.1.8": {
+      "version": "14.1.8-beta.0",
+      "packages": {
+        "metro": {
+          "version": "0.70.3",
+          "alwaysAddToPackageJson": false
+        },
+        "metro-resolver": {
+          "version": "0.70.3",
+          "alwaysAddToPackageJson": false
+        },
+        "metro-babel-register": {
+          "version": "0.70.3",
+          "alwaysAddToPackageJson": false
+        },
+        "metro-config": {
+          "version": "0.70.3",
+          "alwaysAddToPackageJson": false
+        },
+        "metro-react-native-babel-preset": {
+          "version": "0.70.3",
+          "alwaysAddToPackageJson": false
+        },
+        "@types/react-native": {
+          "version": "0.67.7",
+          "alwaysAddToPackageJson": false
+        },
+        "react-test-renderer": {
+          "version": "18.1.0",
+          "alwaysAddToPackageJson": false
+        }
+      }
     }
   }
 }
diff --git a/packages/react-native/package.json b/packages/react-native/package.json
index cbdca2c836e0f..9d5c092239265 100644
--- a/packages/react-native/package.json
+++ b/packages/react-native/package.json
@@ -35,7 +35,7 @@
     "enhanced-resolve": "^5.8.3",
     "fs-extra": "^10.1.0",
     "ignore": "^5.0.4",
-    "metro-resolver": "^0.70.2",
+    "metro-resolver": "^0.70.3",
     "node-fetch": "^2.6.7",
     "tsconfig-paths": "^3.9.0"
   },
diff --git a/packages/react-native/plugins/metro-resolver.ts b/packages/react-native/plugins/metro-resolver.ts
index 99ffb789d9bc8..4a21a54433abd 100644
--- a/packages/react-native/plugins/metro-resolver.ts
+++ b/packages/react-native/plugins/metro-resolver.ts
@@ -27,7 +27,7 @@ export function getResolveRequest(extensions: string[]) {
     const { resolveRequest, ...context } = _context;
 
     const resolvedPath =
-      defaultMetroResolver(context, moduleName, platform, DEBUG) ||
+      defaultMetroResolver(context, realModuleName, platform, DEBUG) ||
       tsconfigPathsResolver(
         context,
         extensions,
@@ -50,17 +50,17 @@ export function getResolveRequest(extensions: string[]) {
  */
 function defaultMetroResolver(
   context: any,
-  moduleName: string,
+  realModuleName: string,
   platform: string,
   debug: boolean
 ) {
   try {
-    return metroResolver.resolve(context, moduleName, platform);
+    return metroResolver.resolve(context, realModuleName, platform);
   } catch {
     if (debug)
       console.log(
         chalk.cyan(
-          `[Nx] Unable to resolve with default Metro resolver: ${moduleName}`
+          `[Nx] Unable to resolve with default Metro resolver: ${realModuleName}`
         )
       );
   }
@@ -141,13 +141,13 @@ let matcher: MatchPath;
 let absoluteBaseUrl: string;
 let paths: Record<string, string[]>;
 
-function getMatcher(DEBUG: boolean) {
+function getMatcher(debug: boolean) {
   if (!matcher) {
     const result = loadConfig();
     if (result.resultType === 'success') {
       absoluteBaseUrl = result.absoluteBaseUrl;
       paths = result.paths;
-      if (DEBUG) {
+      if (debug) {
         console.log(
           chalk.cyan(`[Nx] Located tsconfig at ${chalk.bold(absoluteBaseUrl)}`)
         );
diff --git a/packages/react-native/src/utils/versions.ts b/packages/react-native/src/utils/versions.ts
index 2803771384a67..00e32655e7140 100644
--- a/packages/react-native/src/utils/versions.ts
+++ b/packages/react-native/src/utils/versions.ts
@@ -1,11 +1,11 @@
 export const nxVersion = '*';
 
 export const reactNativeVersion = '0.68.1';
-export const typesReactNativeVersion = '0.67.6';
+export const typesReactNativeVersion = '0.67.7';
 
 export const typesNodeVersion = '16.11.7';
 
-export const metroVersion = '0.70.2';
+export const metroVersion = '0.70.3';
 
 export const reactNativeCommunityCli = '7.0.3';
 export const reactNativeCommunityCliIos = '7.0.1';
@@ -19,7 +19,7 @@ export const testingLibraryJestNativeVersion = '4.0.4';
 
 export const jestReactNativeVersion = '18.0.0';
 
-export const reactTestRendererVersion = '18.0.0';
+export const reactTestRendererVersion = '18.1.0';
 
 export const reactNativeSvgTransformerVersion = '1.0.0';
 export const reactNativeSvgVersion = '12.3.0';
diff --git a/yarn.lock b/yarn.lock
index 0e64df9710854..126f78ca50b7f 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -15615,10 +15615,10 @@ methods@~1.1.2:
   resolved "https://registry.yarnpkg.com/methods/-/methods-1.1.2.tgz#5529a4d67654134edcc5266656835b0f851afcee"
   integrity sha1-VSmk1nZUE07cxSZmVoNbD4Ua/O4=
 
-metro-resolver@^0.70.2:
-  version "0.70.2"
-  resolved "https://registry.yarnpkg.com/metro-resolver/-/metro-resolver-0.70.2.tgz#fb7f70634e3832ee2dde37e28df8901a8ae0fec2"
-  integrity sha512-fYuEOTSB+ri0y2kOLL8PuqblD1/3h3tZ8G02wNFeB5oCbEqZ1jhSAG/f6hj/qy7xUA18oyG5qJqiHtiRDFO6yg==
+metro-resolver@^0.70.3:
+  version "0.70.3"
+  resolved "https://registry.yarnpkg.com/metro-resolver/-/metro-resolver-0.70.3.tgz#c64fdd6d0a88fa62f3f99f87e539b5f603bd47bf"
+  integrity sha512-5Pc5S/Gs4RlLbziuIWtvtFd9GRoILlaRC8RZDVq5JZWcWHywKy/PjNmOBNhpyvtRlzpJfy/ssIfLhu8zINt1Mw==
   dependencies:
     absolute-path "^0.0.0"